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Irish, Hope your right about the liquidity mismatch. I have my doubts that management cares anything about common PPS. Management paying themselves, real good and they have less responsibility or accountability. Why not let the NYDI, call the shots. IMO.
Management's focus on the negative and the possibility that syncora management has not/doesn't release important material information explains PPS. IMO.
35610 shorted today. IMO
With Jeffco, anyone know how much lawyers collected. What if management's plan and intention was/is to keep syncora on pink sheets. Very little/no accountability or responsibility, and everyone at syncora gets paid indefinitely, and maybe a holiday bonus to boot. What is total G & A of syncora. IMO.
Company trying to keep the SP down. You think? Has always smelled real fishy with this management.
64950 shorted today. IMO.
Lincoln how do you find out the running total? My "keen interest" in short volume is say if management had a plan, intention, to loosen the control that the NYDI has and to start writing new business, syncora shorts would cover in a hurry. Hopefully, syncora management wants the NYDI not to have control of syncora, indefinitely. IMO.
Lincoln, As of Oct. 31, total short volume was 882,970, with 8.15 days to cover. IMO.
Lincoln, I don't have that information readily available. Google, Nov 2013 Reg SHO daily FINRA. Under ORF is the over the counter stocks and daily short activity, total volume. IMO.
84499 of syncora shorted today. IMO.
I "will see the light" when management shows that enhancing the profile of the company, and with it common shares is a priority, plan. If, and it is a big if, management plans on getting out from under the thumb of the NYDI, and getting up listed we potentially will have sustained volume and no longer be like a candle in the wind. Hoping one day those 800,000+ short shares are forced to cover, much higher. IMO.
Hose, hopefully the lawyers don't take too much. More importantly does management have a plan to attract investors? I don't know. I said a long time ago syncora would be a better investment over $2.00 PPS, instead of stuck in penny land and illiquid. IMO.
Rock, just google "short interest FINRA" and it will come up. It will say November daily short interest, scroll to bottom and you will see a link to all OTC stocks.
55143 of syncora shorted today as per FINRA.
As per FINRA, 34080 shares of sycrf shorted today. FMCC 12573747, shorted today. IMO.
I have had shares since before the implosion. That's why I am here. Selling, if I can, next year for tax loss purposes. The reason I brought up FNMA and TGICQ is because they are also pink sheet penny stocks. And their are way too many illiquid penny stocks, easy to buy, way more difficult to sell. Most people avoid OTC penny stocks like the plague. They are usually scams. IMO.
Policy holder surplus is not earnings per share. What have been/are G/A expenses each quarter/year? I just believe management is sneaky and not forthcoming, at the very least. IMO.
TGICQ and FMCC continue their moves much higher. Impressed that TGICQ after chapter 11 has value for commons. IMO.
Politics, that have/had contributed to the financial stress of cities, municipalities has an impact on this sector. However, management in five years hasn't made decisions that could of boosted confidence in the stock. They appear to like being a pink sheet company, with little or no accountability or responsibility. The NYDFS tells them when and what to do. IMO.
AGO is and has been writing new business, and a lot. Sycrf hemorrhages money, year after year. A bunch of lawyers have/will make a lot of money. IMO.
Preferred shares are just that. Very little or no correlation to commons. You got the litigation for years right, and this was/could be in runoff and maybe planned all along. How much have/will they spend for litigation. G&A has been/is huge issue. Never get married to a stock. If is smells fishy. IMO.
I had/ have never worked for sca or sycrf. We have been in one of the best bull markets, and the street/investors have and continue to steered clear of syncora and I bet even if/when syncora settles with JPM, investors will stay away. Management self-serving and arrogant. If it smells like a skunk. IMO.
Ambac being sued for breach of fiduciary duty. IMO.
Tgicq now 0.48. And this company was in chapter 11. Makes you wonder about that MTA. IMO.
Read all financials since MTA. They can't/refuse to pass wind without NYDFS, approval. They like the status quo. After about five years, I question if management has any intention or plan for enhancing value of commons. IMO.
Re-hashed garbage. Tgicq at .40, will pass sycrf soon. Everything Syncora does is for Susan, the board and their employees is to keep their paychecks coming and the plush NY park avenue address. They like having NYDFS overseeing them. No responsibility less accountability. Typical pink sheet bag holder stock. IMO.
Did you guys see Triad (tgicq) move today? There are a few pink sheets you can make money. Looked over the financials, mostly cut and paste. You know my beliefs about this. Something fishy going back to MTA and Eric Dinello and depart. of finance. IMO.
197800 shares shorted today. IMO.
Rock, we don't have details of G&A. Lawyers and rent a big expenses. Syncora employes are paid very well and how much work have they been doing for the past five years. And why is the company so opaque, continually. But I hope you are correct. IMO.
IF syncora had any value do you think the MM's, etc.,would allow Moe, Larry, Curly, retail, scoop up shares at 45 cent. Something's smells fishy? I believe Susan and board have no plan, or intention of enhancing common PPS. And the big boys knew/know. What have they said or done in five years? Except what they had to do to keep their fat paycheck. IMO.
Jeffco got an additional $40 million from bond insurers. Not good for syncora, with the board spending money on G&A like drunken sailors. 90,000 shares shorted today. No accountability and even less responsibility. Board and all of syncora's employees got a good gravy train going on. IMO.
There will be a settlement soon, only if syncora capitulates, and JPM gets very favorable terms. It will depend on how bad Susan and board need money for G&A and to keep the company on life support so that all keep getting their fat checks. How much more could they have gotten from BAC, If they weren't desperate for money? Depends on other circumstances that have nothing to do with common shareholders. This company reminds me of a sick horse, put it down already. IMO.
38300 shorted today. We continue on life support and waiting for Susan and cronies to pull plug. IMO.
Any US state where whore republicans have power they are trying to drag States, Cities, etc. into bankruptcy. Whatever happened to overhauling the tax system. Democrats have capitulated on many dire issues. Let' a hope the bond insurers can withstand the onslaught. Hey did anyone notice fanny and Freddie today. Now that's a story of the squeaky wheel. Even the powerful are afraid of the many. IMO.
10000 shorted today. Illiquid pink sheets too easy too sway PPS. MM(s) completely control this and way too many other stocks. IMO.
I would not buy anymore shares. There were only 10902 shares shorted today. MM's swapping spit. Probably short covering. Now sooner or later they will run it up 5 cent or so and short it, heavily. Not a penny stock to try and make money on. Deck stacked way in favor of the house. IMO.
65000 shares shorted today. If syncora had/has hidden value why hasn't a hedge fund or other entity picked up all the float they could. Maybe they know more? IMO.
15920 shares shorter today. Collusion was and is the stock market. IMO.
I am not short. I hold shares since almost the time security capital went public. Was invested in dividend paying stocks mostly. Have slowly sold off most everything. Will keep syncora for tax write off in future. IMO.
No no one I know has lost money and I don't want newbies to lose money. Just Keeping the company afloat 5+ years after the financial crises is not doing a good job for commons. Good at keeping their jobs, yea. Company appears to have no plan for enhancing PPS for commons. Like a candle in the wind. Typical pink sheet company. If it pops temporally on news get out. A piggy bank for board and others. IMO.